LiveOne reports record 1H FY2023 Adj EBITDA of $6.4M; revenue $46.8M; guides FY rev $100-110M

LiveOne, Inc.

2023-Q2 EPS reported -$0.02 revenue$46,755,000

Q2 FY2023 Adj EBITDA $4.4M vs -$2.1M YoY; net loss $3.4M vs $15.2M; operating loss improved to $1.0M from $9.7M.
Audio division 1H revenue $42M, Adj EBITDA $9.8M; paid members 1.8M (+209k vs June 30); total members 2.6M.
PodcastOne 1H revenue $17.2M; US monthly audience 6.7M; expects to file S-1 for spin-out by Dec 15, 2022.
FY2023 guidance: revenue $100M-$110M, Adj EBITDA $9M-$11.5M; additional $2M cost savings brings total to >$25M.
Stock buyback expanded by up to $2M; 2M shares repurchased since Apr 2022; authorization expires Dec 31, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LiveOne, Inc. reported six months ended September 30, 2022 results: revenue $46.8 million, net income $2.1 million, EPS $(0.02) per diluted share.

Period: six months ended September 30, 2022
Revenue: $46.8 million
Net income: $2.1 million
EPS: $(0.02) per diluted share
Result: reported results

Exact text from the filing

In the first six months ended September 30, 2022 (“1H Fiscal 2023”), LiveOne posted consolidated revenue of $46.8 million, as well as Contribution Margin* of $9.8 million. LiveOne posted a net loss of $2.1 million on a consolidated basis, or $(0.02) per diluted share for the same period. LiveOne’s Adjusted EBITDA* in 1H Fiscal 2023 was a record $6.4 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LiveOne, Inc. reported Fiscal 2023 results: revenue $100 million - $110 million. Guidance lowered.

Period: Fiscal 2023
Revenue: $100 million - $110 million
Guidance: lowered
Result: guidance update

Exact text from the filing

Company Updates Guidance for Fiscal 2023 of Revenue Between $100 Million - $110 Million and Adjusted EBITDA* of Between $9 Million - $11.5 Million

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

LiveOne, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-071231

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